PM should seek Parliament approval on June 23 for hefty oil price increases


Ipoh’s protest :
Lim Kit Siang leading Perak's MPs and State Assemblymen and Women at Ipoh's Protest Protestor
KL’s protest :
 

Some hundred people, including DAP MP for Ipoh Barat, M. Kulasegaran, Perak State Assembly Speaker Sivakumar, Perak DAP State Excos Su Keong Siong, A. Sivanesan and Chen Fook Chye and DAP Perak Assembly members Leong Mee Meng (Jalong), Lim Pek Har (Menglembu), Ong Boon Piow (Tebing Tinggi) and Siva Subramanian (Buntong), together with representatives from trade unions and NGOs, gathered outside the Perak Federal Building this morning to fire the first salvo of protest on behalf of Malaysians at the hefty and unconscionable increase of oil prices yesterday.

The half-hour protest went off smoothly, with Kula, Su, Sivanesan, Chen and myself speaking briefly on the protest.

In Kuala Lumpur, a similar protest, attended by five DAP Federal Territory MPs (Dr. Tan Seng Giaw, Fong Kui Lun, Tan Kok Wai, Teresa Kok, Lim Lip Eng), Manogaran (MP – Teluk Intan) and Selangor DAP State Assemblywoman Jenice Lee Ying Ha (Teratai), was held at the Pudu Market, Jalan Pasar.

Excerpts of my remarks at the Ipoh Protest this morning:

The sudden hefty oil price increases – 40.6 per cent and 63.3 per cent increase in pump petrol price and diesel price respectively – creating a seven-hour nation-wide chaos is an outrage as it is most unconscionable, unjustifiable and deplorable reflecting poorly on good governance in Malaysia especially after ministerial undertaking that there would be no changes until August.

The introduction of annual cash rebate of RM625 to those who own cars of 2,000 cc and below, and pick-up trucks and jeeps of 2,500 cc and below, and cash rebate of RM150 a year for owners of motor-cycles of 250 cc and below, as well as road tax discounts, will not be able to fully cushion the low and middle-income Malaysians from the inflationary spiral which would be unleashed by the greatest hike in oil prices in the nation’s history.

Equally of concern will be the deterioration of the public safety index, with the expected worsening of the crime situation which has already become an endemic problem causing Malaysians, tourists and investors to fear for their personal safety, their loved ones and the safety of property as well!

The Prime Minister, Datuk Seri Abdullah Ahmad Badawi said yesterday:

“We cannot keep subsidising at the current rate. We must reduce wastage. If we can change our lifestyles, we will not suffer a terrible situation.”

However, the present government has no credibility in setting an example of “change of lifestyles” in eradicating the parasitic subsidy mentality as it has shown no political will to eliminate the rampant waste, extravagance, abuse of public funds, lack of accountability and corruption rife in the public sector, as illustrated by Malaysia’s worsening reputation on corruption whether nationally or internationally, the RM4.6 billion Port Klang Free Zone (PKFZ) bailout scandal, the lack of accountability for the Petronas billions, etc.

In the previous oil price increases in February 2006, the government promised radical improvements in the public transport system – but nothing has come out of it.

The Prime Minister and all the Cabinet Ministers owe Malaysians a full and acceptable explanation why they could not fully involve the Malaysian public in the restructuring of the fuel pricing system which is fair and equitable to the low and middle-income Malaysians and done in a competent , professional and accountable manner as to avoid the seven-hour nation-wide chaos yesterday.

Parliament, which ended its meeting last week and would meet again on 23rd June, should have been the forum to decide on the fuel pricing system which is fair, equitable and efficient.

Why was Parliament by-passed altogether by the Cabinet?

The first item of business of the forthcoming parliamentary meeting should be a motion to seek approval of Parliament for the hefty and unconscionable oil price increases yesterday. This motion should be moved by the Prime Minister, Datuk Seri Abdullah Ahmad Badawi himself.

  1. #1 by Xiao He on Thursday, 5 June 2008 - 6:19 pm

    yes, let all the UMNO and BN ministers and their family use their own cars and pay the petrol with their own pocket money..

  2. #2 by bentoh on Thursday, 5 June 2008 - 6:24 pm

    I’m OK with the removal of subsidy of the fuel, as suggested by the shadow budget 2008 by DAP… it’s perfectly fine…

    However I think this price hike is too sudden and too steep… and the fact that, like Kit you’d said, the transparency of Petronas funding, corruptions issue, and the lack of development in public transport etc is worrying…

    Why so hurry? Why not sit down, and deal with these issues before you lift the petrol subsidy?

  3. #3 by monsterball on Thursday, 5 June 2008 - 6:38 pm

    The first thing I did was increase and adjust the the salaries of my staffs..today.
    We have no extra profits to do that….but my staffs will be suffering. I cannot just watch and do nothing.

  4. #4 by gila88 on Thursday, 5 June 2008 - 6:44 pm

    Bapa Inflasi Malaysia – abdullah badawi

  5. #5 by AWhite on Thursday, 5 June 2008 - 6:49 pm

    TheWrathOfGrapes Says:
    Sigh……. Malaysia is such a lucky country. Even after a 40.6% increase, its petrol price is still one of the lowest in the world. (All prices in US Dollar.

    London…….$2.15
    Singapore…$1.58
    Tokyo……..$1.50
    Sri Lanka….$1.46
    Sydney……$1.39
    Delhi……….$1.19
    USA………..$1.00
    Bangladesh..$0.97
    Vietnam……$0.90
    Malaysia……$0.83
    Indonsia……$0.65
    Beijing………$0.61

    I noticed you added our neighbour Singapore but you have obviously forget to include our neighbour, Brunei who is also an oil exporter like us.

  6. #6 by ihavesomethingtosay on Thursday, 5 June 2008 - 7:02 pm

    WAIT TILL THE GOMEN ANNOUNCES FUEL HIKE ALLOWANCES FOR THE PUBLIC SERVANT, then we will definately be F@CK!

  7. #7 by monsterball on Thursday, 5 June 2008 - 7:11 pm

    They have done it. What can we do?
    They can tell you all the reasons…why it should be done.
    And we Malaysians know they are a bunch of cock and bull reasons.
    It’s one cover up….after another….and they simply cannot find a way…to stop Singaporeans coming to Johore….buying cheap petrol.
    But..that is not the main reason….as don’t think Singaporeans want to waste time and energy…to save some money.. buy petrol and go back,. They may save and enjoy some savings….spending them in Malaysia…as our important.. tourists. It’s similar to people going to Hatyai…savings so much..and spend it all there too. So indirectly…it is a great booster for tourism. Why don’t UMNO think like that?
    And if you say….introduce “toot toot”….the Vespa type of small taxi transportations plus horse and carriage…..in few of our cities….they know….this will kill off..may buying cars…so cannot be done. It will effect Proton good sales!! And proton belomngs to UMNO….indirectly.
    They love to find ways and means to sell more cars…and don’t tell me….they cannot predict the petrol problems….few years ahead of it all.
    You see…they always act…when are caught..with their pants down.
    So increase price…balance up with some goodies announced. Are they kidding?
    The goodies will take one year to get back..plus another year to actually get the refund….that is.if you actually can get the refunds….at all….but the fact is…..Malaysians need to buy petrol daily on cash basis……so it will be those with fixed low income workers…suffer most MONTHLY!!. That’s why..I had to act fast…..and increase their salaries…no choice. We bosses must suffer together with the workers….when the chips are down.
    What can we do?
    Diam..said spend spend spend…to create turnover….to cover up his corrupted deed with Mahathir.. It worked!!
    Dollah said …..save save save…change lifestyle. It will also work.
    Why not!!
    So Malaysians…lets follow all those good advises….from UMNO…and vote them in forever and ever.
    Malayasia Boleh!!

  8. #8 by lew1328 on Thursday, 5 June 2008 - 7:20 pm

    It is surprise that the five states opposition in the north did not protest for the oil price increased. Are they comfortable with it? (Don’t they’re realized that they are now “Pembangkang” and suppose to fight for the “Rakyat” here)

  9. #9 by negarawan on Thursday, 5 June 2008 - 7:32 pm

    Looks like Badawi is too scared to show his face in public that he has to send his wife to make a speech for him. Malaysia has become not a good country to live in because of UMNO’s corruption and greed. And UMNO has the nerve to ask the rakyat to change their lifestyle when it should be UMNO to change its lifestyle of rampant waste and inefficiencies.

  10. #10 by Godfather on Thursday, 5 June 2008 - 8:03 pm

    Just wait. UMNO will come up with new “projects” that will help the rakyat through difficult times. Innovative transport arrangements, maybe even accelerating the various LRT extensions. Of course, due to the urgency of such projects, these will have to be done through “negotiated tenders”. Guess who will be the lucky contractors and subcontractors.

  11. #11 by Godfather on Thursday, 5 June 2008 - 8:08 pm

    UMNOputras to change their lifestyle ? Are you kidding me ? Rosmah to stop her shopping sprees ? Badawi to sell the new Airbus A320 jet ? Azalina to stop promoting cuti-cuti Malaysia ? Reezal to sell his Bentley ? The son-in-law to “bungkus” his TENC outlet at the Pavilion ?

    Did someone volunteer to run naked in the city if UMNOputras can change their lifestyles ?

  12. #12 by justice fighter on Thursday, 5 June 2008 - 8:15 pm

    impact of petrol hike is 41%, the biggest impact is diesel due to hike of 63.3%…almost all the transport system out there are running on diesel….foods, materials, etc

  13. #13 by ShiokGuy on Thursday, 5 June 2008 - 8:16 pm

    Please don’t compare fuel price directly. Take the toll into consideration and also income level. How about our car price?

    Read here
    http://shiokguy.blogspot.com/2008/06/petrol-price-hike.html
    and here
    http://shiokguy.blogspot.com/2008/05/rip-proton.html

    Happy driving or cycling

    Shiok Guy

  14. #14 by cvl on Thursday, 5 June 2008 - 8:30 pm

    What could be reasons enough for AAB to let rip this fuel price increase in the middle of the week, done so conveniently to miss the first seating and yet so urgently before second seating of parliament?
    Well, one is to incite enough knee jerk reactions from the public.

    The attempt to seed this thru the motoring public is plain enough to see with the motoring public confronted with sudden traffic jams some up to 7 hours. Unplugging the plug on a Wednesday at 6 pm right in the middle of a working week cannot be any more calculative to incite anger from the Malaysian motoring public, which is the largest public grouping during peak hours.

    What is so critical [so urgent and so important] happening to Malaysia that it must have such maximum effects above plus that the Malaysian public at large must also suffer? The twin reasons officially promoted by the cabinet: firstly, to stop what the government termed as huge losses thru its domestic fuel pricing system because of the steep global hydrocarbon prices and rising, and secondly to stop profiteering on the cabinet decision [to stop the subsidy].

    But these official reasons are so generic, and so matter of fact, so routine given the Malaysian backdrop. The Malaysian government routinely loses in so many aspects of its business facets: the PKFZ, the illegal migrant in Sabah, the automobile industry, the brain drain, and not mention many NPLs and bail outs. In profiteering, what about the APs, Mr 12 % ali baba, ad infinity. In other words, the implementation can easily wait until further inputs from the public; after all many things are in waiting in Malaysia: the IPMC, the illegal migrant in Sabah, the Lingam tape etc.

    So what was it that was and is so critical to warrant such implementation at 6 pm on a Wednesday smack in the middle of the week ,as if Malaysia would vaporize in thin air if done so?

    It may turn out to be very personal in nature in the continuing standoff between TDM and AAB.

    TDM highlights on AAB alleged part in the Iraq Oil for Food Scandal, must be sensitive enough to drown in out with the agitation of a few million motoring public.

    Could it also be the resurrection of the illegal migrant subject in Sabah which could attract unwanted international attention?

    Or could it be more political for an UMNO renaissance with a true blue Malay founder [as opposed to UMNO Baru founded by TDM whose immediate ancestry hailed from India].

  15. #15 by sjchange on Thursday, 5 June 2008 - 8:30 pm

    BN UMNO never discuss with PAKATAN RAKYAT at all?

    PAKATAN RAKYAT voted by RAKYAT!

    disrespect PAKATAN RAYKAT = contempt of RAKYAT

  16. #16 by limkamput on Thursday, 5 June 2008 - 8:50 pm

    How come they are still there making all the important decisions? They are obsessed with cutting subsidies because that is the only government expenditure that they can dispense with without hurting their pockets. After all our hurt is their gain. Imagine once the subsidies are reduced, they could have so many billions more to siphon and squander. Ya, coming back to my opening line, why why why are they still there? Why all the big talks in PK to take over the federal government have fizzled to nothingness. Please don’t talk too much if you can’t deliver, PK. Soon people may not even have confidence to let you govern.

  17. #17 by Damocles on Thursday, 5 June 2008 - 8:53 pm

    I think that Malaysians must learn the bitter lesson that it MATTERS who they put in power.
    If not for anything, it’s because the incumbent is in a very powerful position to do things that will shake the whole country and seriously affect your lives.
    If you have an incumbent who refuses to leave even when he is voted out, what can you do? Just look at some of those “leaders” in Myanmar and Zimbabwe and many others like them around the world.
    They will have the police, the army, the judiciary etc on their side. You have nothing!
    Isn’t that a very sobering thought?

  18. #18 by mc1 on Thursday, 5 June 2008 - 9:25 pm

    To all BN supporters especially from Sabah & Sarawak. See what you have done to all the Malaysian.

  19. #19 by KanNinNeh on Thursday, 5 June 2008 - 9:52 pm

    The Economists from the BN-led Government were trained in which University one ? Don’t play play with the country’s future !

  20. #20 by winsoontan on Thursday, 5 June 2008 - 9:55 pm

    Transport charge rised up 25%
    Building material like sand rised up about 10 to 20 %
    Backhoe rental rised up 15%
    So…. how to continue with the contruction work?

  21. #21 by kolchyi on Thursday, 5 June 2008 - 9:56 pm

    This is a tactic to taste people reaction. This gov try to mess the people daily life by sudden rule and anouncement. This gov also thinkin a deceitful political gain….

  22. #22 by OCSunny on Thursday, 5 June 2008 - 9:58 pm

    COULD IT BE THE GOVT IS IN A CRITICAL FINANCIAL SITUATION? HOW COME? SIMPLE. FORWARD SALE FOR OUR CRUDE OIL FOR YEAR 2008 AT AVERAGE US70 PER BARREL BUT NOW HAVE TO BUY FOR OWN CONSUMPTION AT CURRENT US135 PER BARREL. SO NO MONEY LAH !!! HOW TO SUBSIDIZE?

  23. #23 by lhteoh on Thursday, 5 June 2008 - 10:04 pm

    Bottom line is we don’t have good quality leaders to manage the country’s natural resources. Petronas may run short of funds to subsidize the fuel for the rakyat. What if petronas has several long term sales contracts to sell crude oil at USD60, 70 or even 90 per barrel thinking it was the good price then. Now that the price is above USD130 making billions of ringgit loss of rakyat’s money. This maybe one of the possible scenario that the government made the huge increased in fuel to cover the lost in petronas revenue.
    Malaysia has many capable people to manage big organization but the government choose not to hire them because of politic and color. What the waste of our human capital.

  24. #24 by monsterball on Thursday, 5 June 2008 - 10:09 pm

    Will all the bosses of companies seriously think of their staffs with fixed income….now getting less than 40% of what their salaries were worth…….last month?
    They will all be in great financial difficulties.
    Talk as much a we want…..but bosses should adjust salaries and pay them more…to balance their monthly budget …..whether they like it or not.
    Never on the history of Malaysia…have we get such a sharp change of our monthly budget..all shooked up…never stable …for even one month!
    The low and middle income group…..all will suffer most.
    People makes a company…don’t bosses ever forget that.
    I have done my part…and God only know…..as there is no extra profits….to do that….but it must be done.

  25. #25 by cynthialeow on Thursday, 5 June 2008 - 10:15 pm

    The stupid DAMN government asked us to change our lifestyle??? ASK THOSE DAMN MINISTERS TO CHANGE THEIR LIFESTYLES FIRST!!! Stupid Barisan Nasional!

  26. #26 by yhsiew on Thursday, 5 June 2008 - 10:15 pm

    TUN M. REFUTED PM’S CLAIM
    —————————-

    The Prime Minister, Datuk Seri Abdullah Ahmad Badawi said yesterday:

    “We cannot keep subsidising at the current rate…….”

    Tun M. refuted the PM’s claim (tonight’s China Press, page A10). He said Petronas currently is making huge profits; coupled with the increased tax revenues derived from palm oil, rubber and tin (the prices of these commodities have gone up by 400%) Malaysia is able to afford the oil subsidies without hurting the country’s coffer.

    Tun M’s judgment could not be far wrong as he had been the finance minister before. The PM’s contradicting statement, that the government could no longer subsidize petrol at the current rate, inevitably leads me to conclude that the money meant for petrol subsidies has already been spent for other purposes and the country’s coffer is now dry and petrol subsidies have to be scaled down.

  27. #27 by Godson on Thursday, 5 June 2008 - 10:21 pm

    To those who vote for umnobn……you ask for it and you got it.

  28. #28 by alancheah on Thursday, 5 June 2008 - 10:44 pm

    Sad day in Malaysia.

    Support Pakatan Rakyat even MORE!

  29. #29 by pgsilai on Thursday, 5 June 2008 - 10:50 pm

    http://limkamput-nincompoop.blogspot.com/2008/06/fuel-prices-and-national-budget.html

    I found this website and would like to share with all of you.

  30. #30 by walao on Thursday, 5 June 2008 - 11:04 pm

    I really don’t care if fuel price increase provided the government take the money and do something useful to us people. They keep compares our fuel price with others. What for? If really want to compares, look at how Singapore runs its country. Singapore has no crude oil, no land to plant pineapple, rubber trees, palm oil, rice, We have tin mines, sand , timber…yet not enough to feed our people? Where the money all goes?? How singapore do it really make me feel ashame

  31. #31 by highhand on Thursday, 5 June 2008 - 11:12 pm

    lets go demo ! if lock up under isa or jailed will be fed for free

  32. #32 by cemerlang on Thursday, 5 June 2008 - 11:37 pm

    I agree with the comments concerning pay rise. Pay rise is now an immediate social obligation because it is not just the oil that is on the increase. Even electricity. Don’t be surprised if all the daily important stuff will be increased. You will have to minus something in order to add something.

  33. #33 by lakilompat on Thursday, 5 June 2008 - 11:45 pm

    Look at all these money from govt. go

    “Mudajaya secures RM958mil job from Bina Puri”

    Young young already successful Malay company? And people are suffering the govt. keep giving contract worth billionth.

  34. #34 by DAPPKR on Friday, 6 June 2008 - 1:03 am

    Preparing for the DOOMED DAYS

    not us of coz but UMNO!

  35. #35 by lovemalaysiaforever on Friday, 6 June 2008 - 1:28 am

    It’s another trick by BN to make Oppositions lost their votes and make them failure..

  36. #36 by mohammadharrisjalil on Friday, 6 June 2008 - 1:35 am

    pak lah naikkan harga kerana dia tahu.. dia hanya ada masa 5 tahun or less before he will be kicked out… so masa ini lah dia sedut secara maksimum!!!!

    KAMI ‘SAYANG’ PAK LAH SEHINGGA KAMI MENANGIS KESAYANGAN…!!!

  37. #37 by pulau_sibu on Friday, 6 June 2008 - 6:15 am

    Sarawakains should be one of the first to ask WHO STOLE AWAY OUR OIL? Should Sarawak try to researve our oil and use them when other countries are running out of supply? Federal government should stop tapping on our wealth

  38. #38 by Godfather on Friday, 6 June 2008 - 7:19 am

    Everything that these clowns do is a result of an ulterior motive – create available funds for projects that go to their cronies and relatives. You think they care about the rakyat ? You think they do forward planning on alleviating the burden to the poor ?

    They are in politics to steal, and if there is nothing left to steal, cut subsidies so that funds can be made available for their own ends.

    “We are not in the business of cheating the people”. AAB, 2005

  39. #39 by yhsiew on Friday, 6 June 2008 - 8:15 am

    Pak Lah should explain why the petrol price (RM2.70) of Malaysia, which is an oil-exporting country, is higher than the petrol price (RM2.43) of China, which is an oil-importing country (refer to China Press, 2008-6-6, page A9).

    If oil production in Malaysia is not profitable, the government should immediately close down Petronas and make Malaysia an oil-importing country and lower the price of petrol to RM2.43.

  40. #40 by Jeffrey on Friday, 6 June 2008 - 8:19 am

    Subsidies are normally viewed as economically wasteful. They mess with prices, distort supply and demand, not only do not create resources but divert them from development projects that could create resources and value, and when redistributing wealth do so with considerable inefficiency. For example The Star on May 28, 2008 reported that about 8% of the 70 million litres of fuel subsidies given out to fishermen nationwide last year were sold off acording to Malaysian Fisheries Development Authority (LKIM). Errant fishermen in Perlis, Kelantan, Kedah and northern Perak had sold the subsidised diesel to Thailand while those in Sabah sold to Indonesia because they made more money this way than catching fish!

    The joke is when the Malaysian government now tries to be a good economist and withdraws petrol subsidies, it cannot use the economic principle of wastage to justify it because it has never shown itself to be a good economist, and is perceived with justification by its constitutents to (i) abuse the savings from subsidies in wasteful and unviable development projects from which political elites make ill gotten gains from public coffers (ii) appropriate national wealth and windfall from dividends and taxed from Petronas super bumber profits without transparency and accountability (iii) withdraw support from a class of people using petrtol/diesal who have already been taxed exorbitantly by road tax, excise and custom duties on imported cars and toll charges. It is hard to condemn subsidies per se when one one promotes and conmmits huge wastage in the biggest subsidy program – the NEP! Somemore the manner by which the petrol subsidy was withdrawn, not in small staggered way to provide room for market to adjust but a sudden comparatively hefty 40% & 60% rise causing immediate spill over effects in other areas (eg cost of electricity tariffs going up 20%), rise of transportation costs for goods, generating an all round cost push inflationary pressures. This done at the time when Malaysians are bracing for world wide rise in food prices, looming recession, uncertainties of equity and financial markets in the wake of subprime problem widening to likely credit bust.

    When the government is still reeling from March 8th political tsunami and have yet to recover its balance, one wonders why the PM is in the haste to make this policy shift so soon and drastically biting the bullet of political fall out.

    Govt’s Credibility is severely tested here : already people are complaining why before election they promised to defer the hike and now reneged; why the hike expected in August was brought a trife forward etc.

    Demonstrations on prices by Joe Public from all segments across the board affected are not the same as that of Bersih’s or Hindraf’s representing certain interest groups. They cannot be put down so easily by police. Besides this unpopular move will open the pandora box for all other areas to be scrutinised and attacked – whether concessionaire agrements, the PKFZ RM 4.6 billion scandal etc.

    So the question is what it is that we do not know regarding why the government chooses such timing for such drastic measure and take such a political risk. Was AB’s hand forced and he put in front line as canon fodder; are the government’s coffers/budget under tremendous strain, and if so from what other things unknown to us or what???

  41. #41 by k1980 on Friday, 6 June 2008 - 8:20 am

    Comparison of the our petrol price with other oil-producing countries

    UAE– RM1.19/litre
    Eygpt– RM1.03/litre
    Bahrain– RM0.87/litre
    Qatar– RM0.68/litre
    Kuwait– RM0.67/litre
    Saudi Arabia– RM0.38/litre
    Iran– RM0.35/litre
    Nigeria– RM0.32/litre
    Turkmenistan– RM0.25/litre
    Venezuela– RM0.16/litre
    MALAYSIA– RM2.70/litre and going RM4 come August!!!

    Mr Finance Minister who was sacked from Econs Stream in UM, would you care to explain the above?

  42. #42 by Dr. W on Friday, 6 June 2008 - 8:33 am

    AAB has just been ranked as the champion scumbag of the century in Malaysia politics. Together with the number 2, number 3 and so on in UMNO and BN.

    Other than a few third world countries, you could hardly hear that people involved in mega corruption cases, murder cases, arrogont, crimes of different types could remain as leaders of the nation. It is really sad to say, Malaysia is one of them.

    Kit Siang, your people are suffering. DAP members should be united in dealing with the scumbags, any internal conflicts and power struggle should not persist for now. PR should focus fire power at this very moment and get rid of these scumbags once and for all.

    The chance for a PM to make such suicidal decision does not come everyday afterall, get the most out of it!

  43. #43 by ch on Friday, 6 June 2008 - 8:45 am

    Dear All,

    As Malaysian, I am happy that the Government has finally come to terms that prolong subsidizing the petrol price in the country is not the way going forward. The Government has reconcile with the fact of the long term and far reaching implication reality of high energy prices and their impact on the economy. This is just the beginning and as everyone would naturally resist changes we can well expect ramifications. Looks like the Government has expected to brace through a storm with this decision to revise petrol and diesel prices.

    I sincerely hope that the Government has set in motion the ability to ensure and see these actions through. As the after effects of any upward revision on fuel prices would lead to inflation and to a certain extent runaway inflation which would immediately set in on the man in the street if no firm and proper follow through actions are put in place by the Government. These follow through actions would somewhat serve as a cushion for the man in the street going through the immediate shock of a price increase.

    What about the after shocks like public disorder and crime rates? These are the consequences of a poorly managed follow through actions. Therefore it is of importance that the Government has seriously thought through these issues before implementing the stinging increase on the public.

    Many would also make hay while the sunshines by indiscriminately increasing prices of their wares by using this issue as justification. However, this is to be expected in a world where the fittest survives.

  44. #44 by yhsiew on Friday, 6 June 2008 - 8:51 am

    Knowing that his days as PM are numbered, the current petrol price increase might well be PL’s last ditch effort to raise funds for his cronies and relatives’ projects. Once the petrol price is raised, the issue whether PL would be re-elected as President of UMNO in December is not important any more, since funds for cronies and relatives’ projects are already secured.

  45. #45 by jspt on Friday, 6 June 2008 - 9:03 am

    During 12GE, people are advise to vote for opposition to deny the 2/3 majority for BN. After we have successfully done that, looks like the BN still got the power of doing whatever they want.

    Can anyone explain the benefit of denying the 2/3 majority??? From what I see recently, it does not help at all.The opposition parties still has to perform demo here and there….???

  46. #46 by taiking on Friday, 6 June 2008 - 9:06 am

    k1980 gave us an interesting list which i reproduce below

    UAE– RM1.19/litre
    Eygpt– RM1.03/litre
    Bahrain– RM0.87/litre
    Qatar– RM0.68/litre
    Kuwait– RM0.67/litre
    Saudi Arabia– RM0.38/litre
    Iran– RM0.35/litre
    Nigeria– RM0.32/litre
    Turkmenistan– RM0.25/litre
    Venezuela– RM0.16/litre

    And he wants PM to explain.

    Its obvious. Something is missing from those countries.

    Ans: UMNO

  47. #47 by k1980 on Friday, 6 June 2008 - 9:07 am

    BN MPs who posses compassion for the poor must now cross over to PR. The Badawi administration would never dare to enforce by-elections now that the wrath and contempt of the people are focused on BN

  48. #48 by max2811 on Friday, 6 June 2008 - 9:09 am

    Nigel says:
    “This fuel hike is outrageous. It’s robbing the poor and giving to the rich. How can we Malaysians go on living like this? Help us.”

    I would say,”Robbing Msians to give to UMNOputras”.

  49. #49 by Bobster on Friday, 6 June 2008 - 9:21 am

    Remember the mega corridors projects that were launched before 12th General Erection that cost the country hundreds of billions of ringgits? It is like signing a blank cheque and now the great cronies trying recover from the rakyat.

    What is this saving of few billions of fuel compare to the great almighty hundreds billions ringgit WHITE ELEPHANTS locating at North, South, East, West that made us the most idiotic country in South East Asia!

  50. #50 by Godfather on Friday, 6 June 2008 - 9:38 am

    You think that Badawi will now call off the construction contract for the new palace ? Noooooo….because it is already given to an UMNO crony, an unknown construction company. You think that they will reconsider the billions already committed to defence equipment ? Nooooooo…because commissions have already been promised or paid.

    It is sad that they only think of one thing – how to enrich themselves, and if it is at the expense of the rakyat, so be it.

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